A panel of the 5th US Circuit Court of Appeals has affirmed a federal judge's approval of a multi-billion dollar settlement between BP Plc and businesses and individuals who lost money and property in the 2010 Gulf of Mexico oil spill.
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Monday 05 March 2012
Shares in BP have risen by 2 per cent after the oil giant agreed a £4.9 million deal with 110,000 businesses and individuals affected by the Deepwater Horizon disaster.
Monday 05 March 2012
The Independent on Sunday: BP to review dividend after Gulf spill deal
Saturday 03 March 2012
BP has reached a £4.9bn deal with thousands of people hit by the oil giant's Gulf of Mexico disaster.
Wednesday 29 February 2012
BP is selling its interests in the Hugoton natural gas field in Kansas and its associated processing plant to America's Linn Energy for $1.2bn (£757m) in cash.
Monday 27 February 2012
Hopes were raised for a multi-billion dollar settlement of claims over the Deepwater Horizon oil spill last night, as BP won a delay to a trial that had been due to start in New Orleans today.
Sunday 26 February 2012
The head of BP in the US oversaw an oil drilling operation that allowed workers to make cavalier decisions on safety and failed to investigate mistakes, it will be argued in a New Orleans court this week.
Wednesday 08 February 2012
Outlook BP is back on the right path, at least in the view of American chief executive Bob Dudley, who had the City gushing over his figures like he hopes the 12 new exploration wells BP will dig this year will be gushing with oil.
Saturday 04 February 2012
Sir William Castell, the man who oversaw safety at BP in the run-up to the Gulf of Mexico oil spill, is leaving the company.
Thursday 02 February 2012
BP has suffered a further blow in its bid to share the billions of dollars of costs arising from the Gulf of Mexico oil spill.
Saturday 17 December 2011
BP will receive a $250m (£161m) payment from Cameron International, a contractor on the Macondo well, in settlement of their dispute over liability for the Gulf of Mexico oil spill.
Saturday 12 November 2011
A Russian court threw out two potentially debilitating multibillion dollar lawsuits against BP yesterday, handing the oil giant a key victory in the legal quagmire around its failed attempt to strike a joint Arctic venture with Rosneft.
Friday 04 November 2011
BP has written to its main partner in TNK-BP seeking assurances that there will be no repeat of what the oil giant described as a breakdown of corporate governance at the main operating unit of its Russian joint venture, TNK-BP Holding (TBH).
Saturday 22 October 2011
Deputy chairman of TNK-BP, the oil joint venture between BP and a consortium of oligarchs in Russia. Well, he was anyway.
Thursday 15 September 2011
Outlook Good news has been in shortsupply for BP of late, but yesterday's report from a group of US regulators will have given thecompany a boost. It concluded, like several other reports before it, that last year's Deepwater Horizon oil spill disaster was the fault of all of the companies and contractors involved rather than being the sole responsibility of BP (as the hysterical reaction towards the British company from US politicians might have suggested).
Friday 12 August 2011
Last year when the BP drilling rig Deepwater Horizon exploded in the Gulf of Mexico, the resulting oil leak hit headlines around the world for a short while, but for local residents its effects are still being felt.
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